Korea Business Confidence

Korea

Korea: Business confidence moderates in December, remains in pessimistic territory

November 30, 2015

The forward-looking business confidence indicator (BSI) for the manufacturing sector published by the Bank of Korea (BoK) moderated to 69 points in December from 70 points in November. The index is not much higher than the two-and-a-half year low 67 points registered in July, and is still well below the 100-point threshold that separates pessimistic from optimistic territory.

According to the Bank, sentiment among export-oriented firms worsened, although confidence among domestic-demand oriented businesses was unchanged. Expectations regarding sales, profitability and raw material prices were also down in December compared to the previous month.

Meanwhile, the BSI’s current business conditions index fell from 71 points in October to 68 points in November.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.4% in 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, the panel expects growth in fixed investment to increase 3.5%, which is down 0.1 percentage points from last month’s estimate.


Author:, Economist

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Korea Business Confidence December 2015

Note: Business Survey Index (BSI). An index value above 100 indicates an optimistic outlook while a value below 100 indicates a pessimistic outlook.
Source: Bank of Korea


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